Solved

The Effect of a Tariff on a Good in Which

Question 57

Multiple Choice

The effect of a tariff on a good in which the domestic industry does NOT have a comparative advantage is


A) an increase in the exports of the good.
B) that the domestic industry's gain is just offset by the consuming public's loss.
C) a reduction in the nation's standard of living.
D) fewer jobs and lower wages for domestic workers in the protected industry.
E) nonexistent if the domestic industry has an absolute advantage.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents